Vaxart Inc (NASDAQ: VXRT) Has Advanced 16.88% In 2024; Is The Share Price Attractive Enough At $2?

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Vaxart Inc (NASDAQ:VXRT)’s traded shares stood at 0.79 million during the last session, with the company’s beta value hitting 0.69. At the close of trading, the stock’s price was $0.81, to imply a decrease of -1.07% or -$0.01 in intraday trading. The VXRT share’s 52-week high remains $1.54, putting it -90.12% down since that peak but still an impressive 35.8% since price per share fell to its 52-week low of $0.52. The company has a valuation of $184.75M, with an average of 1.31 million shares in intraday trading volume over the past 10 days and average of 2.08 million shares over the past 3 months.

Analysts have given a consensus recommendation of Buy for Vaxart Inc (VXRT), translating to a mean rating of 1.00. Of 2 analyst(s) looking at the stock, 0 analyst(s) give VXRT a Sell rating. 0 of those analysts rate the stock as Overweight while 1 advise Hold as 1 recommend it as a Buy. 0 analyst(s) have given it an Underweight rating. Estimates put the company’s current-quarter earnings per share at -0.1.

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Vaxart Inc (NASDAQ:VXRT) trade information

After registering a -1.07% downside in the last session, Vaxart Inc (VXRT) has traded red over the past five days. The 5-day price performance for the stock is -1.07%, and -7.76% over 30 days. With these gigs, the year-to-date price performance is 41.81%. Short interest in Vaxart Inc (NASDAQ:VXRT) saw shorts transact 12.64 million shares and set a 4.45 days time to cover.

The extremes give us $2 and $2 for target low and target high price respectively. As such, VXRT has been trading -146.91% off suggested target high and -146.91% from its likely low.

Vaxart Inc (VXRT) estimates and forecasts

Looking at statistics comparing Vaxart Inc share performance against respective industry, we note that the company has underperformed competitors. Vaxart Inc (VXRT) shares are -24.79% down over the last 6 months, with its year-to-date growth rate lower than industry average at 17.54% against 19.40%. Revenue is forecast to grow 9.10% this quarter before jumping 16.70% for the next one. The rating firms project that company’s revenue will grow 64.70% compared to the previous financial year.

Revenue forecast for the current quarter as set by 2 analysts is 850k. Meanwhile, for the current quarter, a total of 3 analyst(s) estimate revenue growth to 20.83M.

VXRT Dividends

Vaxart Inc has its next earnings report out on 2024-Oct-31. However, it is important to take into account that this dividend yield ratio is just an indicator to only serve the purpose of guidance. Investors interested to invest in the stock should ponder company’s other fundamental and operations related aspects too.

Vaxart Inc (NASDAQ:VXRT)’s Major holders

Vaxart Inc insiders hold 0.87% of total outstanding shares, with institutional holders owning 18.18% of the shares at 18.33% float percentage. In total, 18.18% institutions holds shares in the company, led by SIO CAPITAL MANAGEMENT, LLC. As of 2024-06-30, the company held over 14.76 million shares (or 8.7465% of shares), all amounting to roughly $9.85 million.

The next major institution holding the largest number of shares is VANGUARD GROUP INC with 9.95 million shares, or about 5.8947% of shares outstanding. As of the market price on 2024-06-30, these shares were worth $6.64 million.